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In the long run, both monopolistically competitive and prefectly competitive firms attain
A. Zero economic profits
B. positive economic profits
C. lowest cost production
D. Productive efficiency
Write down on a paper analyzing dissimilar approaches that might be used by Keynesian theorists.
Here are too few stars to fully staff every team, but there are enough for a few to be on every team if an owner decided to hire them.
A product has an arc elasticity of -0.8. at a price of $7.00, 1000 units are sold per period. In order to sell 1200 units, what will the new price be. Illustrate what is the revenue at the old price ($7.00)and the new price.
A state government wants to provide incentives for single parents to enter the labor market and become engaged.
Imagine that you work for the maker of a leading brand of low calorie, frozen microwavable food that estimates the following demand equation for its product using date from 26 supermarkets around the country for the month of April.
Explain how does the existence of money reduce the costs of making transactions, relative to a society based entirely on barter.
XYZ School District is having budget issues and is facing the possibility of cutting some programs. How could one use ethical principles to address their budget issues?
Consider the first price auction. Write down the payoff matrix also find all Nash equilibrium
What was the impact on the supply and demand of labor on one sector of the labor market? Explain the factors that affected labor demand and labor supply in the chosen historical example.
John’s preferences over toothpaste (good 1) and beer (good 2) are represented by utility function u = ln x1+ x2. Prices are given by p1 and p2, and he has income of m. What fraction of his income does he spend on toothpaste?
Suppose that velocity is constant at 10, but the nominal money supply increases from $1.1 to $1.21 trillion. Elucidate what must happen to nominal output.
You have been hired to manage a small manufacturing facility whose cost and production data.
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